the price is taking support on dynamic support

Uniswap's current market indicators are pointing towards a positive trend, with key metrics such as the total supply in profit, whale activity, and weekly volatility backing up its potential for further growth. Over the last month and quarter, Uniswap has shown impressive gains of 64.52% and 106.09%, respectively, signaling a strong and consistent upward movement on the daily chart.



Despite a slight dip of 1.47% in the last 24-hour trading session, Uniswap's price is holding steady at $12.242. The asset appears to be resilient, maintaining a crucial support level at approximately $11.420. If this support holds, there's a possibility for Uniswap's value to climb to new peaks.



Moreover, the price is taking support on dynamic support of EMA's and it is showing bullish strength. Similarly, the RSI is above 50.76, suggesting that the asset has more room to grow and MACD is above the zero line at 0.838.



Therefore, if the demand increases, the Uniswap asset price could bounce back from the current level. The next resistance for the price would be to reach $16.0. However, if the UNI crypto price fails to stay above the $11.40 level, it could plunge deeper towards the demand area.